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Valuation of goods (spare parts) - related party transaction or ...


Court Rules on Spare Parts Valuation; Related Party Transaction and Post-Importation Expenses in Question; Demand Set Aside.

September 14, 2023

Case Laws     Customs     AT

Valuation of goods (spare parts) - related party transaction or not - post importation expenses - Since the Department were dealing with legal issues which involved costing of the goods among other issues, it may have helped to have done a cost audit so that the matter could have been examined with reference to the Cost Accounting Standards applicable to the case. - Demand set aside - AT

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